YUM CHINA HLDGS INC YUMC
COM · Common Stock · CUSIP 98850P109 · ISIN US98850P1093
Chinese fast-food restaurant chain
- SectorConsumer discretionary
- IndustryRetail-Eating Places
- HeadquartersPlano, TX
- Founded2016
- Websiteyumchina.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($9.8m this quarter). Holder counts are more reliable. Shares outstanding: 384.4m as of 2024-08-02, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $31.02. Options: 19 managers hold calls ($43.2m notional), 24 hold puts ($52.3m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 664 |
| Q4 2022 | 734 |
| Q1 2023 | 746 |
| Q2 2023 | 736 |
| Q3 2023 | 702 |
| Q4 2023 | 683 |
| Q1 2024 | 673 |
| Q2 2024 | 629 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 273 | 296 |
| Q1 2023 | 301 | 288 |
| Q2 2023 | 291 | 299 |
| Q3 2023 | 258 | 321 |
| Q4 2023 | 240 | 348 |
| Q1 2024 | 275 | 304 |
| Q2 2024 | 248 | 306 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $73.4m | $97.8m | 1.33 |
| Q4 2023 | $56.1m | $48.5m | 0.86 |
| Q1 2024 | $55.2m | $92.5m | 1.67 |
| Q2 2024 | $43.2m | $52.3m | 1.21 |
Biggest buyers
| Primavera Capital Management Ltd | New | +12.0m |
| Dodge & Cox | Added | +4.0m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +2.5m |
| BLS Capital Fondsmaeglerselskab A/S | Added | +1.6m |
| Mondrian Investment Partners LTD | Added | +1.6m |
| CITADEL ADVISORS LLC | Added | +1.3m |
| Thrivent Financial for Lutherans | Added | +1.3m |
| Lind Value II ApS | New | +1.3m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | New | +1.0m |
| Alberta Investment Management Corp | Added | +1.0m |
Biggest sellers
| Primavera Capital Management Ltd | Sold out | -12.0m |
| MORGAN STANLEY | Reduced | -5.0m |
| Mitsubishi UFJ Trust & Banking Corp | Reduced | -3.3m |
| Invesco Ltd. | Reduced | -3.2m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -2.3m |
| BANK OF AMERICA CORP /DE/ | Reduced | -2.0m |
| Nuveen Asset Management, LLC | Reduced | -2.0m |
| GUARDCAP ASSET MANAGEMENT Ltd | Reduced | -1.5m |
| BlackRock Inc. | Reduced | -1.4m |
| JPMORGAN CHASE & CO | Reduced | -1.4m |
Biggest calls
| JPMORGAN CHASE & CO | Unchanged | $7.4m238.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $6.6m213.9k shares |
| CITADEL ADVISORS LLC | Added | $5.5m177.6k shares |
| UBS Group AG | Added | $4.8m157.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.7m87.7k shares |
| NOMURA HOLDINGS INC | Unchanged | $2.2m72.0k shares |
| IMC-Chicago, LLC | Added | $2.2m72.0k shares |
| CITIGROUP INC | Unchanged | $1.8m58.0k shares |
| Cubist Systematic Strategies, LLC | Reduced | $1.7m54.1k shares |
| Walleye Capital LLC | Added | $1.5m48.9k shares |
Biggest puts
| JPMORGAN CHASE & CO | Reduced | $10.8m351.0k shares |
| CITADEL ADVISORS LLC | Added | $8.4m272.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $5.3m173.4k shares |
| D. E. Shaw & Co., Inc. | Added | $3.0m96.0k shares |
| CITIGROUP INC | Unchanged | $2.7m87.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.7m86.0k shares |
| GTS SECURITIES LLC | Added | $2.3m75.6k shares |
| GROUP ONE TRADING LLC | Added | $2.3m73.0k shares |
| NOMURA HOLDINGS INC | Unchanged | $2.2m72.0k shares |
| IMC-Chicago, LLC | Added | $2.1m69.4k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| JPMORGAN CHASE & CO 13G · institution -1.9 pts · filed 2026-10-15 | 5.7% |
| PRINCIPAL GLOBAL INVESTORS 13G · institution new · filed 2025-11-06 | 5.5% |
Insider purchases and sales in Q2 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 7 | $145.0m | — |
| Q1 2023 | 0 | — | 2 | $1.4m | — |
| Q2 2023 | 0 | — | 4 | $77.9m | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 1 | $647.6k | 2 | $266.5k | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| JPMORGAN CHASE & CO 0.05% of their portfolio | 39.2m $1.2bn | Reduced -1.4m |
| BlackRock Inc. 0.01% of their portfolio | 17.4m $535.8m | Reduced -1.4m |
| VANGUARD GROUP INC 0.01% of their portfolio | 15.4m $474.6m | Reduced -454.3k |
| Invesco Ltd. 0.10% of their portfolio | 15.1m $467.1m | Reduced -3.2m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.05% of their portfolio | 14.5m $446.1m | Reduced -2.3m |
| Primavera Capital Management Ltd 71.72% of their portfolio | 12.0m $371.2m | New |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.11% of their portfolio | 12.0m $369.1m | Added +121.6k |
| GUARDCAP ASSET MANAGEMENT Ltd 4.74% of their portfolio | 10.8m $331.8m | Reduced -1.5m |
| Dodge & Cox 0.20% of their portfolio | 10.7m $329.4m | Added +4.0m |
| BLS Capital Fondsmaeglerselskab A/S 9.67% of their portfolio | 10.5m $323.0m | Added +1.6m |
| ROYAL BANK OF CANADA 0.07% of their portfolio | 9.1m $279.7m | Added +489.4k |
| FIL Ltd 0.24% of their portfolio | 8.0m $245.8m | Added +503.9k |
| STATE STREET CORP 0.01% of their portfolio | 6.1m $187.9m | Reduced -174.7k |
| NORGES BANK 0.03% of their portfolio | 5.8m $179.4m | Added +103.6k |
| LOOMIS SAYLES & CO L P 0.24% of their portfolio | 5.7m $176.6m | Added +3.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.10% of their portfolio | 5.3m $162.1m | Added +836.2k |
| Mondrian Investment Partners LTD 2.05% of their portfolio | 4.4m $133.2m | Added +1.6m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 4.1m $126.2m | Added +670.5k |
| ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio | 4.1m $125.4m | Added +935.1k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 3.6m $111.0m | Reduced -2.0m |
| Allspring Global Investments Holdings, LLC 0.18% of their portfolio | 3.5m $109.2m | Reduced -279.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.1m $95.0m | Added +13.9k |
| Legal & General Group Plc 0.02% of their portfolio | 2.8m $87.1m | Reduced -222.3k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 2.6m $81.6m | Added +2.5m |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 2.4m $74.6m | Added +28.6k |
| UBS Group AG 0.02% of their portfolio | 2.4m $73.7m | Added +872.1k |
| EARNEST PARTNERS LLC 0.34% of their portfolio | 2.3m $72.0m | Added +663.7k |
| MORGAN STANLEY 0.01% of their portfolio | 2.3m $70.3m | Reduced -5.0m |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.1m $65.4m | Added +210.7k |
| Thrivent Financial for Lutherans 0.13% of their portfolio | 2.1m $63.8m | Added +1.3m |
| Amundi 0.02% of their portfolio | 1.9m $59.4m | Reduced -137.2k |
| HSBC HOLDINGS PLC 0.04% of their portfolio | 1.9m $57.6m | Added +13.2k |
| Temasek Holdings (Private) Ltd 0.26% of their portfolio | 1.8m $56.2m | Unchanged |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.8m $56.1m | Added +19.8k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 1.7m $53.3m | Added +114.5k |
| Man Group plc 0.14% of their portfolio | 1.7m $52.7m | Added +548.8k |
| Alberta Investment Management Corp 0.55% of their portfolio | 1.7m $52.2m | Added +1.0m |
| PBCay One RSC Ltd 27.23% of their portfolio | 1.6m $50.1m | Added +19.7k |
| CITADEL ADVISORS LLC 0.05% of their portfolio | 1.6m $48.4m | Added +1.3m |
| TWO SIGMA INVESTMENTS, LP 0.11% of their portfolio | 1.5m $45.0m | Reduced -119.2k |
| JANE STREET GROUP, LLC 0.05% of their portfolio | 1.5m $44.9m | Added +150.1k |
| Perseverance Asset Management International 5.35% of their portfolio | 1.3m $40.8m | Added +628.0k |
| Lind Value II ApS 16.05% of their portfolio | 1.3m $40.2m | New |
| TWO SIGMA ADVISERS, LP 0.08% of their portfolio | 1.2m $37.6m | Reduced -41.7k |
| RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio | 1.2m $36.6m | Reduced -1.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio | 1.1m $34.3m | Reduced -167.9k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.12% of their portfolio | 1.0m $31.9m | New |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.0m $31.7m | Reduced -538.0k |
| DekaBank Deutsche Girozentrale 0.06% of their portfolio | 1.0m $31.4m | Added +783.0k |
| BARCLAYS PLC 0.01% of their portfolio | 953.2k $29.4m | Reduced -443.1k |
| CIBC Private Wealth Group LLC 0.05% of their portfolio | 935.6k $28.5m | Added +11.4k |
| W1M Investment Management Ltd 0.54% of their portfolio | 932.5k $28.8m | Added +154.5k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 903.3k $27.9m | Reduced -33.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 899.0k $27.8m | New |
| Swiss National Bank 0.02% of their portfolio | 897.9k $27.7m | Reduced -18.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 882.6k $27.2m | Added +72.9k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 841.6k $26.0m | Reduced -276.6k |
| Qube Research & Technologies Ltd 0.05% of their portfolio | 813.0k $25.1m | Added +729.2k |
| MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC 5.23% of their portfolio | 779.2k $24.0m | Reduced -123.8k |
| CANADA LIFE ASSURANCE Co 0.04% of their portfolio | 773.2k $23.8m | Added +185.2k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 689.9k $21.3m | Reduced -147.4k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.05% of their portfolio | 661.4k $20.4m | Unchanged |
| MARSHALL WACE, LLP 0.03% of their portfolio | 649.9k $20.0m | New |
| Squarepoint Ops LLC 0.07% of their portfolio | 632.6k $19.5m | Added +579.9k |
| TREMBLANT CAPITAL GROUP 2.20% of their portfolio | 625.9k $19.3m | Added +23.3k |
| NORDEA INVESTMENT MANAGEMENT AB 0.02% of their portfolio | 623.1k $19.4m | Added +39.0k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio | 620.2k $19.1m | Reduced -367.5k |
| MACKENZIE FINANCIAL CORP 0.03% of their portfolio | 611.0k $18.8m | Reduced -32.4k |
| Avanda Investment Management Pte. Ltd. 2.79% of their portfolio | 596.5k $18.4m | Added +74.0k |
| LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio | 592.1k $18.3m | Added +21.1k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 580.4k $17.9m | Reduced -2.0m |
| TWINBEECH CAPITAL LP 0.34% of their portfolio | 553.2k $17.1m | Added +304.8k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 481.7k $14.9m | Added +12.3k |
| BAMCO INC /NY/ 0.04% of their portfolio | 475.3k $14.7m | Reduced -246.6k |
| Zuckerman Investment Group, LLC 1.65% of their portfolio | 461.5k $14.2m | Added +74.5k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 457.2k $17.3m | Added +190.6k |
| COOPER INVESTORS PTY LTD 2.08% of their portfolio | 443.2k $13.7m | Reduced -733.0k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio | 442.4k $13.6m | Reduced -642.3k |
| HERITAGE INVESTORS MANAGEMENT CORP 0.47% of their portfolio | 440.5k $13.6m | Added +6.9k |
| Woodline Partners LP 0.13% of their portfolio | 438.9k $13.5m | New |
| Pictet Asset Management Holding SA 0.01% of their portfolio | 414.2k $12.8m | Reduced -319.2k |
| Caisse de depot et placement du Quebec 0.03% of their portfolio | 414.1k $12.8m | Added +28.1k |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 413.0k $12.7m | Reduced -2.4k |
| BARINGS LLC 0.31% of their portfolio | 408.0k $12.6m | Reduced -17.8k |
| STOREBRAND ASSET MANAGEMENT AS 0.04% of their portfolio | 405.6k $12.5m | Added +14.7k |
| Walleye Capital LLC 0.13% of their portfolio | 403.8k $12.5m | Added +389.1k |
| AXA S.A. 0.02% of their portfolio | 398.4k $12.3m | Added +208.6k |
| KBC Group NV 0.03% of their portfolio | 375.5k $11.6m | Added +142.0k |
| Mitsubishi UFJ Trust & Banking Corp 0.03% of their portfolio | 375.0k $11.6m | Reduced -3.3m |
| Pictet North America Advisors SA 1.25% of their portfolio | 374.7k $11.5m | Added +69.9k |
| Aberdeen Group plc 0.02% of their portfolio | 371.9k $11.5m | Added +25.7k |
| NATIXIS ADVISORS, LLC 0.02% of their portfolio | 351.0k $10.8m | Added +5.9k |
| Bridgewater Associates, LP 0.06% of their portfolio | 347.5k $10.7m | Reduced -106.8k |
| Trexquant Investment LP 0.16% of their portfolio | 333.7k $10.3m | Added +174.1k |
| E Fund Management (Hong Kong) Co., Ltd. 5.95% of their portfolio | 314.8k $9.7m | Reduced -5.1k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 312.4k $9.6m | Added +46.4k |
| CITIGROUP INC 0.01% of their portfolio | 301.0k $9.3m | Reduced -58.3k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio | 295.2k $9.1m | Added +32.3k |
| Vontobel Holding Ltd. 0.03% of their portfolio | 285.5k $8.8m | Added +222.4k |
| COMGEST GLOBAL INVESTORS S.A.S. 0.12% of their portfolio | 283.4k $8.7m | Reduced -79.4k |